You want to buy a car, the dealer tells you that you can buy the car with
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Question:
You want to buy a car, the dealer tells you that you can buy the car with $5,779 per year for 6 years. If your loan interest rate is 6.5% then what is the true amount you are paying for the car? (Find the present value. Answer in dollars and cents, rounded to the nearest cent. Do not round intermediate calculations.)
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Posted Date: